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APA Corporation（APA）与戴德梁行（CWK）财务数据对比。点击上方公司名可切换其他公司
戴德梁行的季度营收约是APA Corporation的1.3倍（$2.9B vs $2.2B），APA Corporation净利率更高（15.0% vs -0.8%，领先15.8%），戴德梁行同比增速更快（10.8% vs -24.3%），过去两年戴德梁行的营收复合增速更高（15.5% vs 1.4%）
APA Corporation是美国能源企业阿帕奇公司的控股主体，主要从事碳氢化合物资源勘探相关业务，在特拉华州注册成立，总部位于得克萨斯州休斯敦，是北美地区拥有丰富项目经验的能源勘探运营企业。
戴德梁行是全球化的商业地产及物业管理服务提供商，总部位于美国伊利诺伊州芝加哥，由联合创始人J·克莱兹代尔·库什曼和伯纳德·韦克菲尔德共同创立，在全球商业地产服务领域拥有广泛的业务布局与专业服务能力，为各类客户提供定制化的地产相关解决方案。
APA vs CWK — 直观对比
营收规模更大
CWK
是对方的1.3倍
$2.2B
营收增速更快
CWK
高出35.2%
-24.3%
净利率更高
APA
高出15.8%
-0.8%
两年增速更快
CWK
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.9B |
| 净利润 | $331.0M | $-22.4M |
| 毛利率 | — | — |
| 营业利润率 | 32.5% | 6.1% |
| 净利率 | 15.0% | -0.8% |
| 营收同比 | -24.3% | 10.8% |
| 净利润同比 | -22.1% | -119.8% |
| 每股收益（稀释后） | $0.79 | $-0.10 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APACWK
| Q4 25 | $2.2B | $2.9B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.3B | $2.5B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $2.7B | $2.3B | ||
| Q2 24 | $2.8B | $2.3B | ||
| Q1 24 | $2.1B | $2.2B |
净利润APACWK
| Q4 25 | $331.0M | $-22.4M | ||
| Q3 25 | $205.0M | $51.4M | ||
| Q2 25 | $603.0M | $57.3M | ||
| Q1 25 | $418.0M | $1.9M | ||
| Q4 24 | $425.0M | $112.9M | ||
| Q3 24 | $-223.0M | $33.7M | ||
| Q2 24 | $541.0M | $13.5M | ||
| Q1 24 | $212.0M | $-28.8M |
营业利润率APACWK
| Q4 25 | 32.5% | 6.1% | ||
| Q3 25 | 33.7% | 4.1% | ||
| Q2 25 | 31.8% | 4.9% | ||
| Q1 25 | 31.9% | 2.0% | ||
| Q4 24 | 31.4% | 6.6% | ||
| Q3 24 | -5.2% | 3.2% | ||
| Q2 24 | 34.4% | 3.1% | ||
| Q1 24 | 32.2% | 0.9% |
净利率APACWK
| Q4 25 | 15.0% | -0.8% | ||
| Q3 25 | 9.0% | 2.0% | ||
| Q2 25 | 26.0% | 2.3% | ||
| Q1 25 | 15.4% | 0.1% | ||
| Q4 24 | 14.6% | 4.3% | ||
| Q3 24 | -8.1% | 1.4% | ||
| Q2 24 | 19.0% | 0.6% | ||
| Q1 24 | 9.9% | -1.3% |
每股收益（稀释后）APACWK
| Q4 25 | $0.79 | $-0.10 | ||
| Q3 25 | $0.57 | $0.22 | ||
| Q2 25 | $1.67 | $0.25 | ||
| Q1 25 | $0.96 | $0.01 | ||
| Q4 24 | $0.97 | $0.49 | ||
| Q3 24 | $-0.60 | $0.14 | ||
| Q2 24 | $1.46 | $0.06 | ||
| Q1 24 | $0.44 | $-0.13 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $516.0M | $784.2M |
| 总债务越低越好 | $4.3B | $2.7B |
| 股东权益账面价值 | $6.1B | $2.0B |
| 总资产 | $17.8B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.70× | 1.40× |
8季度趋势，按日历期对齐
现金及短期投资APACWK
| Q4 25 | $516.0M | $784.2M | ||
| Q3 25 | $475.0M | $634.4M | ||
| Q2 25 | $107.0M | $618.2M | ||
| Q1 25 | $67.0M | $623.2M | ||
| Q4 24 | $625.0M | $793.3M | ||
| Q3 24 | $64.0M | $775.4M | ||
| Q2 24 | $160.0M | $567.3M | ||
| Q1 24 | $102.0M | $553.5M |
总债务APACWK
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.3B | $3.0B | ||
| Q1 25 | $5.2B | $3.0B | ||
| Q4 24 | $6.0B | $3.0B | ||
| Q3 24 | $6.4B | $3.1B | ||
| Q2 24 | $6.7B | $3.1B | ||
| Q1 24 | $5.2B | $3.2B |
股东权益APACWK
| Q4 25 | $6.1B | $2.0B | ||
| Q3 25 | $6.0B | $2.0B | ||
| Q2 25 | $5.9B | $1.9B | ||
| Q1 25 | $5.4B | $1.8B | ||
| Q4 24 | $5.3B | $1.8B | ||
| Q3 24 | $5.1B | $1.7B | ||
| Q2 24 | $5.4B | $1.6B | ||
| Q1 24 | $2.6B | $1.6B |
总资产APACWK
| Q4 25 | $17.8B | $7.7B | ||
| Q3 25 | $17.7B | $7.7B | ||
| Q2 25 | $18.1B | $7.6B | ||
| Q1 25 | $18.5B | $7.4B | ||
| Q4 24 | $19.4B | $7.5B | ||
| Q3 24 | $19.4B | $7.5B | ||
| Q2 24 | $20.2B | $7.3B | ||
| Q1 24 | $15.0B | $7.5B |
负债/权益比APACWK
| Q4 25 | 0.70× | 1.40× | ||
| Q3 25 | 0.72× | 1.45× | ||
| Q2 25 | 0.73× | 1.57× | ||
| Q1 25 | 0.96× | 1.70× | ||
| Q4 24 | 1.13× | 1.73× | ||
| Q3 24 | 1.25× | 1.81× | ||
| Q2 24 | 1.24× | 1.91× | ||
| Q1 24 | 1.99× | 1.96× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $808.0M | $257.3M |
| 自由现金流经营现金流 - 资本支出 | — | $234.3M |
| 自由现金流率自由现金流/营收 | — | 8.0% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 2.44× | — |
| 过去12个月自由现金流最近4个季度 | — | $293.0M |
8季度趋势，按日历期对齐
经营现金流APACWK
| Q4 25 | $808.0M | $257.3M | ||
| Q3 25 | $1.5B | $235.5M | ||
| Q2 25 | $1.2B | $9.6M | ||
| Q1 25 | $1.1B | $-162.0M | ||
| Q4 24 | $1.0B | $115.2M | ||
| Q3 24 | $1.3B | $196.1M | ||
| Q2 24 | $877.0M | $21.8M | ||
| Q1 24 | $368.0M | $-125.1M |
自由现金流APACWK
| Q4 25 | — | $234.3M | ||
| Q3 25 | — | $225.0M | ||
| Q2 25 | — | $300.0K | ||
| Q1 25 | — | $-166.6M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | — | $186.7M | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $-135.6M |
自由现金流率APACWK
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | -7.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | -6.2% |
资本支出强度APACWK
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.5% |
现金转化率APACWK
| Q4 25 | 2.44× | — | ||
| Q3 25 | 7.12× | 4.58× | ||
| Q2 25 | 1.96× | 0.17× | ||
| Q1 25 | 2.62× | -85.26× | ||
| Q4 24 | 2.44× | 1.02× | ||
| Q3 24 | — | 5.82× | ||
| Q2 24 | 1.62× | 1.61× | ||
| Q1 24 | 1.74× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
